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20121129
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Search Results 0 to 49 of about 81 (some duplicates have been removed)
CSPAN
Nov 25, 2012 10:00am EST
.7 trillion dollars. now's the time to imagine how we grow the economy, to help feed the economic recovery, and that growth will help reduce the debt. the conversation with the president was about that bigger frame, and how we think about it. and then imagining the suffering that everybody is seeing all across this country, how can we restore the american middle class if we continue to cut programs that support people staying either in the middle class or not falling from it. >> do you believe some form of entitlement reform has to be part of a "grand bargain," a large down payment of paying down the debt? >> i reject the notion of entitlement. i think these are guaranteed social insurance programs of this country committed to our elders and long time ago. we just had a national debate in the country where there were two different visions, one that said, you're on your own, and another that said we are in this together. the way that we think about medicare, medicaid, and social security has to be in the context of whether we're going to create jobs of people can support their families on.
CSPAN
Nov 28, 2012 7:30am EST
, it is not a recession, it has been building for decade-sapping the ability of the american economy to grow, and the average american to rise. to make the u.s. less competitive, less attractive for business, we go back to the fiscal cliff discussion over and over again because unless we get the economy really moving and growing in a long run, these budget problems will occur over and over again. we have identified eight areas where we find, these things would move the needle in a reasonable time frame, two or three or four years we start to see impact and there's quite bipartisan support. and the sustainable budget compromise. number 2, easing immigration now. we need a broader immigration reform, but it is one of the abilities to move rapidly to inject skill to the economy to fill jobs we badly need to fill to sustain our growth. it is not long term solution to the skill problem in america but a critical step we need to take to move the needle. we have got to simplify and realize the corporate tax code. everybody agrees. we just did a survey that included a loss of members of the general p
CNN
Nov 26, 2012 1:00pm PST
that could very well damage the economy. but the air of compromise among some notable republicans is definitely grabbing attention. the republicans' comments quickly caught fire. >> i will violate the pledge, long story short, for the good of the country, only if democrats will do entitlement reform. >> a pledge you signed 20 years ago, 18 years ago is for that congress. the world has changed and the economic situation is different. >> i'm not obligated on the pledge. i made tennesseans aware, i was just elected, that the only thing i'm monitoring is the oath that i take when i serve when i'm sworn in this january. >> reporter: gop lawmakers bluntly stating to alert the fiscal cliff, they're ready to break from grover norquist and the pledge he's got most republicans to sign to never raise taxes. norquist waste nod time hitting back on cnn's s"starting point" >> it doesn't pass the laugh test. if you want to go to your voters and say, i promised you this and i'm breaking that problem, you can have that conversation with them. but you don't have an argument with me. you've made a c
MSNBC
Nov 27, 2012 8:00am PST
return to a normal economy that returns about 18.5%, that would increase revenue an additional over $400 billion per year, that's $750 billion of revenue per year through economic growth. and the president, his proposal would raise 1/10 of that but would put at risk the economic growth and that $750 billion. so -- >> sir, with all due respect, though -- >> counterproductive. >> that's an answer to the question. there's nothing you see over the next 35 days that would have you break that pledge with grover norquist? >> no, because raising taxes harms the economic growth. you get ten times the revenue by economic growth rather than punishing success. and, again, all of us are saying president obama, show us your plan for restraining the size of government, that's the main problem. again, his revenue proposal would raise $68 billion when we have over $1 trillion worth of deficit. where's the other $1 trillion in his balance plan? mr. president, show us your plan. >> sir, one thing, mitch mcconnell has said that revenue is on the table as long as entitlements would be on the table. conductin
CSPAN
Nov 28, 2012 7:00am EST
, we had huge surpluses because of the strong economy over the 1990's and deficit-reduction plans put in place over the 1990's. the government had the choice to spend that on programs, or returned it to tax payers, and the bush administration decided to return the money to taxpayers. over the following year's tax rates were lower. it was renewed in 2010 in a tax deal between president obama and congressional republicans at a time when the economy was weak and the feeling was they could not take an increase in taxes. host: what was the desired effect and did it happen? he called the desired effect was to give people more of their income back, and that happened, as wealthy people got more income back, more moderate income earners got some back. one of the questions is how it effects economic growth, and it is an unresolved area of economic research. did it did help the economy -- did it help the economy? it is hard to say. we had a good economy in the 2000's before the crisis. now we have a huge crisis. on balance, it probably did not help that much. host: can you calculate if jobs were
FOX News
Nov 27, 2012 2:00pm PST
the economy going over the fiscal cliff. no mystery what the issues areu. the democrats know, republicans know and so does president obama. entitlements are pushing the country toward financial ruin. here is what the president said in 2010. >> the major driver of the long-term liabilities is medicare, medicaid and healthcare spending. nothing comes close. social security we could probably fix the same way tip o'neil and ronald reagan sat down together and we could figure something out. that is manageable. medicare and medicaid, massive problems down the road. that's where, that is what our children have to worry about. >> dana: here we are, two years later and still no plan. on the left in congress refusing to deal with that simple reality. vermont senator bernie sanders caucuses with the democrats. take a listen. >> i get nervous when i hear the president and others continue to talk about quote/unquote, entitlement reform. which is just another cut for medicaid and medicare and social security. >> eric: brian, start with you, today. >> dana: you look surprised. >> brian: i am. yet honored. >>
MSNBC
Nov 27, 2012 7:00pm PST
to then quickly craft a legislative deal that can stop the damage to the economy that would occur if we went off the cliff and stayed off the cliff. john boehner recognizes that the fiscal cliff is the president's leverage, but boehner believes he has leverage, too. politico reported this morning president barack obama made a demand of how john baoehner nea the end of their first white house meeting on the fiscal cliff, raised the debt limit before year's end. boehner responded, quote, there is a price for everything. boehner told president obama at the white house that the debt limit increase is quote my leverage. although he added that he's flexible on when it should be done. senator durbin said today that raising the debt ceiling must be part of any deal with republicans. >> i also think that the president isn't going to sign off on any agreement that doesn't include some certainty as to budgets, appripriations, dealing with our debt ceiling. we're not going to find ourselves with some big party celebrate i celebrating in february and then turn around and march and have another doomsday scena
FOX Business
Nov 26, 2012 11:00am EST
breaking this pledge? >> let's distinguish with what boehner have said. i certainly agree, if the economy grew at 4% instead of 2% for the next decade, the federal government would net an additional $5 trillion. you could pay all of obama's death down. connell: that is not what he is talking about. >> okay. i am sorry. what he said is what i said. what obama claims he said is a separate matter. boehner was very clear. obama said, oh, you have agreed to tax increases. the talks collapsed because obama misstated. connell: what you say to republicans who are thinking about breaking the pledge? >> look, most republicans have signed the pledge. even the ones who have not have made it very clear even when they ran for office, higher taxes have hurt the economy. they have spent too much money. the entitlements are looking to break the economy. we need to spend less. raising taxes to get the politicians more money to continue spending, does not solve any problems. connell: i know you think this is the narratives being pushed by the media and all of that, if they do break it, that does speak to yo
FOX News
Nov 27, 2012 10:00am PST
government it will pay for, regardless of the impact on jobs or the economy, or america's standing in the world. these are the ones who have recklessly ignored the fact that we can't keep running trillion dollar deficits every year and throw a tantrum if someone suggests that maybe the taxpayers shouldn't keep subsidizing ever last program washington ever dreamed up. they are reckless and ideological approach threatens our very future. and anyone who is serious about solving the problems we face should ignore all of that starting with the president. megyn: meantime some of the president's supporters unleashed and ad blitz targeting key lawmakers reportedly spending close to $300,000 on an ad buy that talks about increasing taxes but leaving spending alone. here is part of that. >> how do we move our country forward and reduce the deficit, by creating jobs and growing our economy not by cutting programs that families rely on most. megyn: join me now is stu varney, who is host of varney & company. and chris stirewalt. you have all the unions unleashing and ad blitz to target the home
MSNBC
Nov 25, 2012 9:00am PST
that are behind these numbers are relate primarily to the economy and as we all know the economy is still sluggish but there is improvement. >> aaa estimates that 40% of travelers left the day before thanksgiving and 36% returning today and 25% tomorrow. it could be a long journey home. this is what it looked like on the 405 on los angeles on the big get away day with traffic backed up for miles. and on thanksgiving morning as drivers headed out on i-10 east in beamont, texas. a husband and wife were killed and 100 injured and the trail of wreckage stretched for two miles. forecasters say more fog and snow in parts of the midwest and northeast could make it trougher getti tougher getting home after a long holiday weekend. >> reporter: again, as this afternoon goes on, we're going to see the traffic build on this road. about a 10% drop, alex, than they spent last year. >> michelle franzen there. here's a big question. will the weather cooperate for travelers out there? here with the travel forecast to answer that for us is dylan. >> most areas will cooperate. you're just dealing with the traffic as
FOX News
Nov 27, 2012 6:00am PST
that would avoid that potentially devastating fiscal cliff that is looming over the u.s. economy right now. the president is meeting with small business owners at the white house today. he had a series of meetings with different business leaders over the last week. despite the warnings that the talks are stalling on capitol hill stuart varney joins me now, host of "varney & company" on fox business network. >> good morning, martha. bill:. martha: what are you hearing how this is going? >> it is impasse basically. the republicans said yesterday they accommodated the democrats they will agree to get more money from wealthy people from higher taxes but mitch mcconnell, senate republican leader, he says there has been no similar compromise from the democrats or the president. he says they are still holding out for higher tax rates on the rich and he says the radical left is prescenting the democrats and president and agreeing to serious reform from medicare. martha, i have to tell you. i got new numbers from medicare, from trustees, actually. medicare has to pay out in the future $42 trillion.
MSNBC
Nov 21, 2012 9:00am PST
is getting his economy back on track and to do that he needs the help of the international community and the united states. so he's got to carefully try to balance these two issues. i think he recognizes that a conflict along, you know, egypt's border with israel is not in egypt's interest any more than it's in israel's interests. so -- but these are people who have long been in opposition and they're having to learn to balance these political calculations as they go forward. >> right. and there's no rest after election day when you're the active president. p.j. will stay with us as we turn to another discussion right on point with president obama's foreign policy team. many republicans are attacking ambassador susan rice, a top candidate to replace secretary of state clinton. the senate has spiked some key nominations from president obama before, from elizabeth warren to nobel peace prize winner peter diamond. there is one number that suggests obama is likely to win this battle. we will look at the math after the break on "now." so you say men are superior drivers? yeah. then how'd
MSNBC
Nov 27, 2012 6:00pm PST
a downturn in the economy in january, then the republicans are going to say, see, we told you, even though they created the problem. >> david cay johnson, great to have you with us. that's "the ed show." "the rachel maddow show" starts right now. good evening, rachel. >> good evening, ed. thanks, man. thank you for staying with us for this hour. the acting director of the cia met for more than an hour with senators john mccain and lindsey graham along with the u.n. ambassador susan rice. the three senators emerged from the meeting saying they were honored by the fact that the cia director would meet with them, just three random senators and not in some official capacity testifying before committee on the hill. they appreciated the fact that the administration and the intelligence community was going to such lengths to e swaj their concerns to personally answer their questions about the libya attack in a closed-door meeting with the cia director himself, even though these are just three random senators. the senators said their questions were answered as reasonably could be expected a
CNN
Nov 27, 2012 11:00am PST
, and they're not interested in raising taxes, they think it is a bad idea for the economy. the only way to have a stimulus to the private sector is to leave more money in the private sector. the other thing that folks in kentucky don't understand is that why is it a fiscal cliff to cut spending? most people in our state think we're spending too much money up here and we should cut spending. in fact, the majority of congress voted for this sequester. why was it a good idea a year ago and now it is not a good idea. >> on spending and spending cuts, you may have something in common with the president, which i want to get to. you mentioned the people in your great state of kentucky and, look, we know and we're all hoping they're out and about shopping, it is holiday season, and in terms of the timing with this -- with this deal, you know, hopefully getting done before january 1, a lot of people want to avoid the tax increase that will automatically happen as people are paying those holiday bills, right? >> here's my question. if it is bad to raise taxes on everyone, why is it good to raise
MSNBC
Nov 23, 2012 7:00am PST
's not completely signed and stamped yet. the economy won't go into recession on january 2nd. >> really? j is that because so many people say that it will, jared. why do you think it won't? >> okay. because people conflate going over the cliff with going over and staying over the cliff and they're different. this is actually right out of the congressional budget office's document that many folks are quoting from including you guys just a second alg. the cbo prediction of a recession and unemployment going up to 9% is a scenario in which we go over the cliff and stay over the cliff for all of 2013. if we go over the cliff and we're able to essentially take away the kinds of very sharp tax increases and spending cuts that kick in right away, pretty quickly, say within a month or so, then it's not going to be great for the economy by any means but it won't be recessionary. >> jared, let's say that -- do you think the possibility of a stopgap, something that gets done to partially keep us from going over the cliff so we're just like hanging there at the beginning of the year and then we finish
MSNBC
Nov 27, 2012 9:00pm PST
disaster not only for our country, but the worldwide economy. >> so defaulting on the credit is unacceptable to you? >> i don't think -- i don't think it's a question that's even on the table. >> failing to raise the debt ceiling is not even on the table. that's what john boehner said last january. and yet just a few months later, with that voting record and with that stated understanding of how bad it would be for this country to not raise the debt ceiling, there was john boehner, leader of the congressional republicans, threatening to not raise the debt ceiling. e threatening default after decades of voting to raise the debt ceiling, no questions asked under president bush, under president obama the republicans decided they were not going to do it anymore. right around this time last year, republicans threatened to let the country go into default unless president obama met their demands. they explicitly recognized it would cause harm, but they were happy to do that. they were willing to incur that it harm. to inflict that harm on the country in order to get other stuff that
CNN
Nov 27, 2012 2:00am PST
cure the economy. the senior editor of "the atlantic" joins us live in the next half hour. he has an interesting perspective. >>> ambassador susan rice heads to capitol hill this morning to mend fences with three republican senators. john mccain, lindsey graham and kelly a at with her information comments made on several networks that played down the role of terrorists in the attack on the u.s. consulate in benghazi, libya, that killed four americans including ambassador chris stevens. rice maintains she made it clear the intelligence information she had at the time was preliminary. senators have threatened to block her nomination if president obama chooses her to be his next secretary of state. >>> and the obama administration responds to the benghazi attack does not get high marks from americans. the results of a new poll out this morning shows a majority of those questioned, 54%, say they are dissatisfied with the administration's handling of the attack. >>> and the body of yasser arafat was exhumed this morning from a mausoleum in the west bank. a team of international scienti
FOX News
Nov 26, 2012 4:00pm PST
serious consequences for the entire economy. a lot of details here and they are coming up inside fox report. well, just hours remain in what is expected to be the biggest online shopping day ever. the research firm core score predicts americans will spend $1.5 billion online today alone this cyber monday. that's up 20% from last year. the national retail federation reports the average holiday shopper spent $423 this weekend in stores and online. total spending an estimated $59 billion. cheryl casone live from the fox business network with us tonight. cheryl, that's a big shot in the army for the economy. isn't it? >> it certainly is, shepard. we are seeing an allot of interest in online shopping today. initial numbers into fox business about how many people are out there spending this, today cyber monday. this is going to be already the biggest cyber monday ever when it comes to sales or revenues for the nation's he biggest retailers. number one amazon.com. number two wal-mart. 122 million people shopping today on web sites with the estimate looks like at this point we are going to b
ABC
Nov 25, 2012 8:00am PST
. >> how do we move our country forward and reduce the deficit? by creating jobs and growing our economy, not by cutting programs that families rely on most. for working families it's all about putting americans back to work. not cutting the things we rely on most. >> there are signals they can't accept the kind of entitlement reforms in medicare and social security that senator graham is saying are prerequisite to a deal. >> let me tell you, first, george, and you know this, social security does not add one penny to our debt. not a penny. it's a separate funded operation. and we can do things and i believe we should now, smaller things, played out over the long term that gives its solvency. medicare is another story. only 12 years of solvency lie ahead if we do nothing. those who say don't touch it, don't change it are ignoring the obvious. we want medicare to be there for today's seniors and tomorrow, as well. we don't want to go to the poll and voucherizing it and we can make meaningful reforms without compromising the integrity of the program, making sure that the beneficiaries are n
MSNBC
Nov 27, 2012 6:00am PST
it to capitalize on that robust stoo robust start, the white house issued its own report warning the economy will sink if the impasse isn't resolved. >> i think evidence like this is one reason why retailers are so concerned that congress has not yet extended the middle class tax cuts. >> house republicans have their own dueling public opinion events planned, if you will. the house gop leaders will meet with ceos on wednesday that are part of a group called the campaign to fix the debt founded by erskine bowles and allen simpson. this is a move, by the way, boehner is embracing it in a way he didn't a year and a half ago. bowles will be there in case voters forgot the plan that included $800 billion in new revenue, aka taxes, the amount boehner put on 0 the table last summer, less than the $1.6 trillion the president is calling for. both the white house and boehner face pressure from their own bases that will make compromise more difficult. it's unclear what the white house means when they say entitlement reform. jay carney made it clear what that phrase does not mean. when you say entitleme
FOX News
Nov 26, 2012 6:00am PST
and it is going to take all of us working together because it would damage this economy if we have this kind of huge tax increase. but our democratic colleagues, all they want to talk about is, more taxes, more taxes, more revenue. they will not telling us where the money is going? they're not assuring that the money will be used to pay down the debt like it is suggested. so we need to see those numbers, what they planned, before any discussion is appropriate it seems to me. martha: you know, i mean, does take it from both sides. if you look at the republican side, basically they want to see cuts in spending and real entitlement reform and perhaps revenue that comes from the relief of some loopholes that are out there so that, bob corker i know has suggested maybe there be a $50,000 cap on the amount of deductions you can take in your taxes. republicans want to get there that way, not by raising any rates, correct? does that stand steady, that thought? >> i think that's a lot, where a lot of our members are. if you can simplify the tax code. make it more flat, more like a flat tax. eliminate
CNBC
Nov 26, 2012 6:00am EST
have something really worked out because look at what the economy -- look at where consumer sentiment is over the last couple months. i don't think they can really, you know, run the risk of that falling back. we made so much improvement over the last couple months. at least macroeconomicly, they can't run the risk of this thing going over. >> what does it mean for the stock market and how many different things are affecting it right now? i figure not knowing where tax policy is next year, some people know it will be hire, so they're probably just going to sell into december 31st. and then you've got continuing problems in europe, as well, morgan stanley has a report out about possible recession in 2013. what are the factors that influence the market at 13,000 and do you think it's a good time to ad money or take money out? >> short term, i think the feeling is that things are going to work out. so we'll be in this range here of in the s&ps 1390, 1420. i think if we break 1390, we get down to that next 1360 level will, again, there is so much money on the sidelines waiting to do somet
CNN
Nov 28, 2012 11:00am PST
economy and hurt job creation in our country. this is not good for our country. as simple as that and the president understands it. >> they're saying president needs to get in there, needs to negotiate with democrats into line if necessary. is that not happening. are you hearing congresswoman schwartz, from the president as all? >> let me say the administration is keenly interested in working with the senate and the house to get this done. the fact that the president is out and sulactually out in my district on friday morning talking to people what about is at stake for this country, for their families and the nation is something very important for him to be doing. always engaging the voters, the public is an important thing to do. and at the same time we should be and are having broad discussions about how we move forward. what we really need is we need republican leadership. just quoted them, mitch mcconnell and john boehner, to actually be sitting down and saying, look, there are places where we do agree. let's start where we agree. let's begin to have that discussion.
MSNBC
Nov 26, 2012 8:00pm PST
rates which guess what, worked pretty darn well for the economy when clinton was president. >> i was surprised that david plouffe would bring up the idea of the grand bargain in the lame duck session of the congress. i think it's about revenue. this is about the legislation that they put in place about to expire after it was extended in the last lame duck session of the congress two years ago. and that was a two for one. one year of unemployment extension for two years of the bush tax cuts to take us to where we are right now. it seems to me there's a little bit too much wiggle room on the part of the white house to start talking about a granted bargain and chipping away at medicare and medicaid when you don't have to. now, do you read it that way? >> absolutely. and remember, this congress is worse than the one that's coming in. we're going to have a strength in hand in the senate and the house is actually even going to be a little bit better with more democrats and 11 of the worst republicans lost their re-election. so i think you know, it's ridiculous to me that they should be
MSNBC
Nov 28, 2012 3:00am PST
. i am glad that the people that are in economy party on capitol hill have hearts as big as a montana sky because i'm sure they said, hey, it's cool. we all make mistakes. all of us on capitol hill, we all make mistakes from time to time and it's cool. so how did this work out after she said she was sorry? >> there's still another chance. ambassador susan rice is heading back to capitol hill today. >> i want to know what happened. >> well, i will tell you. she continued to defend her response on september 11th attack on the u.s. consulate in benghazi as a top pick to replace secretary of state hillary clinton. rice faces sort of an uphill battle because she failed to win over her harshest republican critics yesterday. >> i don't think it's an uphill battle. >> unless you want to be secretary of state for greenvil greenville, south carolina or mesa -- >> she requested this meeting was with specifically senators lindsey graham, kelly ayotte and -- >> they were upset. john mccain over the weekend. >> john mccain backed up. >> so it's really cool when she said i'm sorry. >> she did the br
Current
Nov 27, 2012 3:00am PST
by $600 billion, the largest one-year reduction in history but will throw the economy back into a recession. unemployment will go from 7.9% currently to over 9%. i don't think that's going to happen. i do think we'll go over the cliff, not have a deal before it happens. i think it will be fixed shortly after this -- after they storm the castle with pitch forks and torches but this is potentially the worst fiscal policy since the end of the great depression when we went into an austerity program too early and threw the economy back into a recession back in the '30s. so this is serious stuff. but notice everything we just talked about the meetings each one is having. notice who's not having a meeting. the president is not having a meeting with john boehner. the congressional leaders aren't coming to the white house. there will be no direct negotiations this week. there's not -- if there is going to be a deal here, it won't be done until the middle to the end of december. all of this so far is just kabuki theat
FOX News
Nov 26, 2012 8:00am PST
, that will impact the economy in a devastating way. that's why i don't think you see any republicans moving on that. jon: doug, what do you think about that? >> well the rates we're talking about raising they would go back to where they were under president clinton and during the '90s i think most people would agree we had a pretty strong economy. certainly stronger on that the one george bush and liz cheney's dad brought us. look at the end of the day, you know this is going, it will have to be balanced and to get to $4.4 trillion, that is the kind of target number that the president has put out there you can't just do it on spending cuts. i'm not sure if you can do it just on capping deductions. that is what these guys are paid big bucks for to figure out. sit at table, do the arithmetic, get a final deal. jon: we had 9/11 during the bush administration and that had huge impact on economy and wars after it. doug and ron, thank you both. we started a question about the discussion of grover norquist. he will be neil cavuto's guest on "your world" at four become eastern time. here what he has to say
FOX News
Nov 27, 2012 8:00am PST
and create a better economy but my democratic friends have to reform entitlements. what will make us greece is not raising taxes. what will make us greece is not fixing medicare, medicaid and social security. jon: white house press secretary jay carney says president obama will not give on extending current tax rates on wealthy americans. on entitlements carney says the president is open to changes except when it comes to social security. >> the president has long made clear that he is open to discussions about strengthening social security as part of a separate track. jon: so is the u.s. economy heading for a plunge over the fiscal cliff? with us now, associate editor and columnist for "the hill", a.b. stoddard. so what are the folks that you cover there on capitol hill, what are they saying about the prospects here? >> well, in the last 10 days it starts to sound more and more like democrats don't really have a problem with going over the slope or the cliff. they won't really admit that but it seems that they're not working so hard to stop it. you see the white house trying to tell americ
CNN
Nov 26, 2012 9:00am PST
the other families who have left, you have to talk about the state of the economy. they are not able to find jobs that they used to, and also, it's becoming more and more dangerous to cross the border. not only because of the -- what happens at the border, but because the mexican border states are increasingly under the control of mexican drug cartels, so if you put all of that together, it's creating this situation where mexicans are returning to the united states in record numbers. as a matter of fact, a million mexicans return to mexico between 2005 and 2010. a rate that has want been seen since the 1960s. >> that family finally, do they a desire for their kids to go back when they turn 18, to go back to the united states? is that part of the plan? >> the main problem right now is trying to redefine their life in mexico. luckily, both parents have been able to find jobs. the kids are going to school, so that's not necessarily a case for some of the families who have returned, but the big question now is now what? do we just forget about the life we had, or do we somehow try to apply or ho
CNN
Nov 25, 2012 3:00pm PST
. a series of tax increases and spending cuts next year that could do serious damage to the economy. they also sounded warnings. >> we can and must get an agreement. otherwise i think first of all the markets are going to start reacting. >> it's not a done deal and not a certainty. if congress does nothing, which congress has gotten pretty good at doing these days, we'll go over the fiscal cliff. >> reporter: staffers have been working behind the scenes to find common ground to prevent across-the-board cuts lawmakers say should concern everyone. >> i think you should be worried if you have a fence job we all ought to be worried whether we are dependent upon other aspects of the federal budget, whether we're worried about the regulation of our food safety, whether we're worried about our borders being secure, whether we're worried about fbi being supported. >> reporter: a key sticking point is what to do about taxes. democrats and the president want to raise tax rates for the wealthy. republicans don't. the war now breaking with anti-tax crusader grover norquist who had gotten a majo
CNN
Nov 26, 2012 8:00am PST
that money is in the economy if you have those taxes rise on the middle class. it's really, john, the latest from the white house. it comes on the same day warren buffett writing in the "new york times" in an op-ed saying rich is $500,000 a year, and let's tax them. let's have a 30% minimum tax for the income above $1 million of rich people. look what he said here. the "forbes" 400, wealthiest individuals in america hit a new group record. $1.7 trillion, more than five times the $300 billion total in 1992. he says you know, my gang has done pretty well. so leave the middle class alone. and so these two kind of the 1-2 punch from the white house perspective, at least, today on what we should be doing in debt talks. >> buffett is interesting. he said he doesn't think it will be that big a deal if we go off the cliff. >> he says don't worry about raising taxes on investments and income from investments. he said, i will do a good deal, because it's a good deal. not because my taxes are going to be a certain rate. so he has pounded this -- beat this drum for some time. but this is the white house
CNN
Nov 26, 2012 5:00pm PST
. >> if the gel oal is to raise m revenue what's the best way to do that and protect the economy? if you're able to gain more revenue by closing special loopholes and limiting them and keeping the rate down, isn't that a better outcome? >> once again, talk of tax deductions and closing loopholes, but a big note. raising tax rates, so a lot of talk but perhaps not much real movement at least for now. as for grover norquist, he told cnn's soledad o'brien today that although some republicans are discussing impure thoughts on television, they won't really act on them. >> i've had long conversations with lindsey graham. he said i would raise taxes if and then he lists this incredible list of reforms and entitlements that the democrats would never give him. as i suggested to him, i said, senator, you're offering to trade a tax increase for a pink unicorn that doesn't exist. >> whether he does or doesn't bet on taxes, pundits in washington seem terribly impressed that senator graham and others are even talking about going against grover norquist. keeping them honest, though, outside the beltway, most p
MSNBC
Nov 21, 2012 5:00pm PST
national debt already exceeds the size of our country's entire economy. we can't afford pinpoint and we can't afford to leave it intact. that's why i've been clear that the law has to stay on the table, as both parties discuss ways to solve our nation's massive debt challenge." mr. boehner, this is not what the election was all about. john boehner, if he is serious, will have to find out, but he certainly isn't very smart. the congressional budget office estimates, they show that the affordable care act will actually reduce the deficit. it doesn't make a lot of sense to get rid of a deficit reduction program, as part of a deficit reduction deal. the white house already rejected boehner's idea. obama care will not be part of debt negotiations. boehner is up to something here, don't you think? something else, that is. if you watch john boehner closely over the last two weeks, you can see him laying the ground work for the latest ploy. he call eed obama care the law the land, but also tried to link it to obama care and the budget. >> you had said, next year, that you would repeal the health ca
MSNBC
Nov 26, 2012 12:00pm PST
the economy. if families pay more in taxes they will spend less which will cut the gdp growth. so congress, are you feeling the pressure yet? this is the perfect example of what i like to call press release politics. let's backspin. we see this everiee. the atm tax is going to get a patch. we know we're going to see benefits given to our -- unemployment benefits given and veteran benefits gimp. it seems like this year we have a nice new fun name. i know you hate it steesh, but the fiscal cliff. we put that scary name on it as if that's going to motivate our elected officials. all i see is a press release them saying they're going to fight for us and until the end of the day they're not going to do anything until we see a nice countdown clock. >> as per zblushl but the republicans need that clock more than the democrats do, don't they? >> they do. the fact is we need to find a path way to yes and i think the sooner we do it the better it is politically to move off. >> yeah. no. i mean i was just going to say, republicans -- the problem here for republicans is they're trying to get off this
MSNBC
Nov 27, 2012 11:00am PST
the exiclusive focus. they want to make sure the economy and global aspects of the relations aren't lost. let me bring in chief washington correspondent, john harwood. a 15-minute meeting does that equate to a photo op perhaps? >> sure, it's a photo op. obviously, relation with mexico are extremely he important. the united states is the largest trading partner of mexico. we've seen that immigrants from mexico played a critical role in american elections, and it's a good time to broaden that dialogue to economic issues. you know, the issues of immigration have faded somewhat because the rate of immigration has slowed because our economy has slowed. the drug violence and down somewhat, so it's an aus pishs time for the mexican president-elect and for president obama. he's juggling the fiscal cliff but you have to walk and chew gum at the same time at the white house. >> you have to walk and chew gum where lives are lost almost every day with this drug war that is ongoing in mexico and spilling into as we know parts of texas and other border states. >> exactly. the question is, how do you broaden o
CNN
Nov 26, 2012 2:00am PST
be resolved and it puts the focus again back on what's happening in the u.s. economy. what's happening in the u.s. economy? it slowly is healing job market is starting to filter into sentiment. and the housing market is showing some notable signs of improvement. this week we're going to hear more on the housing market. manufacturing sector, also some consumer data. we're going to get some fed regional reports from the federal reserve. also going to get a gauge of gdp, gross domestic product. gdp is the broadest gauge of economic growth. prior quarter was something like 2%, not great. we think that maybe they're going to think this quarter was more like 2.8%, which would show, again, that healing in the market overall. a quick focus for you on the housing market. this is something you probably felt most directly. in part because we have record low mortgage rates. last year the 30-year fixed fell to 3.31%. the 15-year fixed, this is the popular refinancing tool, 2.63%. many of you are telling me you can't qualify. i'm telling you, these rates are going to stay low for a long time so you
CNN
Nov 26, 2012 4:00am PST
, the focus turns back to the u.s. economy now the fiscal cliff talks are looking more promising and the election is behind us. new reports this week on the housing market, manufacturing sector and consumer data. also the second estimate for third quarter gdp comes out on thursday. the broadest gauge of the health of the economy and economists think that number is going to show better growth than we saw, 2.8% down from 2.2% that they had thought earlier. the fiscal cliff being, you know, something that really helped the stock market last week. >> i would imagine. >> don't screw up. >> please, congress, don't mess this up. let's take a live look this morning at the capitol dome where congress is back to work this week. s fiscal cliff staring them in the face. 35 days, we go right over that cliff or right down that slide or whatever the metaphor is we're using today. politicians on both sides of the aisle are now signaling that they're willing to compromise. that includes republicans who've been softening their stance on raising taxes. senator dick durbin, democrat from illinois, w
CNN
Nov 27, 2012 4:00am PST
. the organization for economic cooperation and development cut its forecast for the u.s. economy for this year and next year, and on fiscal cliff negotiations, the oecd said, quote, diseaecisive policy actis needed to ensure that stalemates over fiscal policy in the united states and continuing euro area instability do not plunge the world back into recession. plunge back into recession the whole world, a very bad, bad idea. >> a lot of menacing terms there. fiscal cliff a menacing term here. now we know we are just under 35 days away before we fall off that cliff. which could lead to deep spending cuts. want to bring in republican senator pat toomey from pennsylvania. he was a member of the deficit reduction super committee last year that failed to agree on a plan. but he's been talking about this issue for a long, long time. good morning, senator. >> good morning. >> we just learned that president obama will be traveling to your backyard on friday to talk about the fiscal cliff and spending, and traveling to pennsylvania right now. is this a welcome visit as far as you're earned? >> as far a
CNN
Nov 28, 2012 2:00am PST
and the health of the u.s. economy. >> and all that trouble in washington started last year with the debt ceiling. remember that fight? the u.s. getting very close to hitting the debt ceiling again. what's the debt ceiling? the u.s. spends between $100 to $120 billion more than it takes in every month, so it has to boor remoney to pay its bills. it will take an act of congress to legally borrow more and rack up more debt. the debt ceiling is set at $16 trillion, 394 billion. last week it stood at $16,268,000,000,000. it could hit a high by february of next year. and now home prices, the recovery in much of the country, new home sales numbers today, we learned yesterday that home prices were up nationwide by 3.6% in the third quarter. that's the biggest rise nationwide in more than two years. but look, all real estate is local. we want to show you the cities with the strongest gains in the past year. home prices in phoenix gained more than 20%. minneapolis home prices rose 9%. there are only two big cities with homes losing value. new york and chicago. they slipped a little bit year over year. wha
CSPAN
Nov 26, 2012 7:00am EST
building the economy again. -- no matter what the grover norquist or lindsey graham or any of them say, every republican in the house should vote to raise taxes on the rich. the average republican is not making $250,000 a year. they're just saying they should not raise taxes because they are republicans. host: are you a republican? caller: i am, but i voted for obama. host: what would it take for you to vote for republican? in terms of the fiscal cliff, sequestration, big budget cuts, what do you want to see them do? caller: if the republicans could find a candidate that would do what ronald reagan dipped, they would gladly get my vote back. as long as they have people like john mccain, sarah palin, and mitt romney, they are just playing. host: here's a story in the new --k times . david is up next, new york, good morning. caller: good morning. how are ya? i'm a republican and i don't believe that the 1% or a portion of the country should be taxed. it can be mathematically proven. a president handed in m speech to be scored. he never came up with a plan how this money would be redistr
FOX News
Nov 26, 2012 3:00am PST
and business morse certainty about the economy. but he wants those with incomes over $250,000 a year to pay a little more in taxes as we all know. which has been a sticking point with the gop. but now some republican lawmakers who earlier pledged to not vote for anything with a tax increase now appear ready to relink wish that pledge in order to avoid the looping fiscal crisis. >> i would be very much opposed to raising tax rates, but i do believe we can close a lot of loopholes. >> they have to go up either real tax rates or effective tax rates. there is ways of doing that. secondly, though, we've got to close significant loopholes. >> bottom line, getting back to the report, the president is asking congress it act now specs tend the tax cuts for the middle class. they say the holiday season is not a time to threaten middle class pocketbooks. back to you. >> steve: thanks very much. the white house wants all the people who voted for barak obama to flood congressmen with e-mail and also with video messages via youtube saying why we should raise taxes on the rich. >> gretchen: so it's mainly
Current
Nov 20, 2012 7:00pm PST
on the ground? >> well, the israeli economic blockade is devastating to the gaza economy. the people in gaza, the palestinians in gaza are not able to export most of what they produce. whether agriculture or handy crafts or whatever. they can't get it out of the country. and so their own market and that's it. it has driven people into poverty. it has created about 56% of palestinians in gaza are food insecure. they're not starving to death. there's not a lot of -- malnutrition. it is not clear to me why the israeli -- that should be about bringing in weapons. to send out their goods. >> jennifer: so juan, you heard hussein's description of the challenge with hamas palestinian authority. what can be done at these peace talks or at the cease-fire talks to make sure that the palestinian authority is perhaps elevated or should they? >> well, it would be a good thing for the palestinians if they could bury the hatchet amongst themselves. i think the government of hosni mubarak and egypt connived at dividing them and th
CNN
Nov 26, 2012 11:00am PST
that this could have a crushing impact on the u.s. economy. what are they saying about this? >> well, that's the problem for policymakers. i do think both republicans and democrats they want a deal. leaders want a deal because this really could be an economic catastrophe. i mean, that's what something that ben bernanke warned repeatedly. put politics aside for a little bit and try to get a deal. but both sides want to get the best deal possible and you're in the going to see any deal anytime soon because we have until january 1st. >> so you're saying they're going to wait until the last second. >> last second, up to christmas, if not new year's. this week when congress comes back and into next week, you see jockeying for leverage. that's what's going to happen. no major deal is going to reach -- be reached much before christmas if there is a deal. >> no plan for bob cusack celebrating the new year. you'll be on the hill waiting for a deal. we'll continue the conference. i appreciate it. switching gears, just into us at cnn, new damage estimates from superstorm sandy. to alison kosik live f
FOX News
Nov 25, 2012 9:00am PST
with. challenging events like hurricane sandy and the tough economy are among the prime reasons. >> for me personally, it was when things looked down, i look up. i think in my experience here, we see a lot of that, where people hit a low and need somewhere to turn and look and they look up and look for god or some kind of faith. >> what is really interesting about rebirths is they appear to be genuinely returning for spiritualty not just support. it's more about reconnecting with their original belief system, shannon. >> they may begin to come back for no, nostalgic reasons. there are individuals who say the like the way religion was done in my church. there's a feeling of try to reconnect with family and earlier tradition. >> there's a push by churches and synagogues and mosques to bring worshippers back. we would like to hear from fox viewers. hit us up on facebook or twitter and we'll read your stories later. a couple of examples, catholic churches are adding programs. a program called next door, door is hebrew for generation. no stats on how many rebirths say on but for pers
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